#Bitcoin ($BTC) currently presents two possible scenarios, each with unique potential outcomes. Here, we'll explore both without assigning specific probabilities to avoid bias.
In this scenario, Bitcoin is forming lower highs and lows within a small cycle. A descending channel could also be drawn if desired. For this scenario to activate, the price needs to consolidate below the $60,000 mark. Should this occur, a downward movement towards the $48,000 area may begin.
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